Code Authority, the Frisco-based custom software company, holds an annual contest called CodeLaunch that turns regular people into startup founders. Jason W. Taylor, President of Code Authority, says he hears from many individuals with great business ideas, but most of them have no way to fund their creations. It was this problem that gave him the inspiration for CodeLaunch.
The competition has grown each year as more and more millennials are turning to entrepreneurship for additional streams of income. According to a 2014 study, 67% of millennials said they’d like to start a business of their own one day. Here’s their chance to make it happen.
Anyone can submit an idea, and from that long list of applicants, Code Authority chooses the 5 most promising business concepts. Those winners, the Final Five, will have the opportunity to pitch their ideas in front of an audience and panel of distinguished judges at the Dr. Pepper Arena on August 17th. Investors, venture capitalists, developers, business people and other interested parties are all invited to attend. The winner will get their app developed and will also receive mentoring from Code Authority in exchange for a minority stake in the company. At CodeLaunch, nobody really loses, because the event gives all the applicants access to potential investors and business partners.
So far, three winners have gone on to be accepted into Dallas’ most prestigious startup accelerator program, Tech Wildcatters. One such success story belongs to Cheri Garcia, the founder of RentEval. “CodeLaunch gave me a stable platform to springboard from. Without the app development assistance from CodeLaunch, I wouldn’t have had such a great prototype, which is what I used to obtain seed funding,” said Garcia.
The deadline to submit an idea is May 31st at 11:59 CST.